I share your concerns. What’s most disappointing is that nobody in power fights for the West. They fight for either themselves or some nefarious unnamed parties. It’s like trying to take your team in the Super Bowl seriously yet knowing the your coach is openly working for the other team.
But at least the unexpected Die Hard reference is there to cheer me up as we head towards the ice berg.
Can't figure out if they simply don't care enough to fight or if they truly have the wool pulled over their eyes and don't even see what's taking place...
There is a great scene at the end of The Big Short. Mark Baum, Steve Carell's character, who has based his entire investment strategy on the belief that "they" were just too stupid to see what was happening, hears about the bailouts and that no one will be held responsible. In that moment he realizes that they weren't stupid at all. He says, "They knew. They knew the taxpayers would bail them out. They weren't being stupid, they just didn't care". I want to believe the best in people, but I gave up any illusion as to the benevolent nature of these people long ago. The wool is not pulled over their eyes. They won't be personally bankrupted and their own kids won't die in the war. They know. They know and they just don't care. Yes, they can be this evil.
Its the end of dollar and end of USA. Economy will be destroyed.
Better get some of another currency, if you want to keep any of your wealth. We will soon be forced to use CBDC, aka government bitcoins, which wiil have spending restrictions and expirations. A good bet for other currencies are privacy cryptos, which keep your balances and purchases private, unlike Bitcoin and nearly all other cryptos. The best privacy cryptos are Pirate Chain, Monero, Dero and Equilibrium.
I HIGHLY SUGGEST READING THIS THREAD IF YOU HAVE NOT SEEN IT: "Importance of the Russian and Chinese Economies Has Been Grossly Underestimated – FX & PPP (@RnaudBertrand Twitter Thread)
I saw another recent article, probably Zero Hedge, that said if NATO used the level of ammunition that the Russians use on on a daily basis to pulverize the Ukrainians, our industrial-defence base is so depleted that we would be out in 10 days and that we had to get more from the UK-Israel when in Iraq-Afghanistan... We only have something like 5 factories left to produce basic munitions albeit they could rope in the suppliers to private individuals... The Russians are obviously NOT running out of ammunition as they have a "real economy"
That’s interesting, sounds like the West miscalculated. Lots of pundits and bloggers confused and bewildered as to why the West would so arrogantly antagonize Russia. This may hold the key as to understanding the motivation.
The Russians have a REAL economy that extracts, grows and makes things while the West has a Netflix and fast-food economy... Read up on how Hitler underestimated Russia's productive capacity e.g. I think the secret recordings of him with Finland's Mannerheim covers its: https://www.youtube.com/watch?v=WE6mnPmztoQ
I do not know who you are, however these two sentences may be the most accurate analysis of the world's situation as it pertains to the West that I have read this year: "What’s most disappointing is that nobody in power fights for the West. They fight for either themselves or some nefarious unnamed parties." I applaud you Sir, as this could be an indictment of almost the entire elected political body of Washington, DC.
I'm sure you know about the Matrix fad of labeling ourselves red or blue-pilled. I encourage you to find your way to a BLACK pill. Meaning: the West is dead. We the Schlubs let it happen. Sure, we were tricked by our Fabian Masters, slowly manipulated over the last 6 generations, but it was still our decision to become their slaves. If the Scamdemic lockdowns, idiotic face diaper mandates, and compulsory lawsuit-exempt Clot Shots...didn't open your eyes to the slave-mentality of nearly our entire population, well then I understand--you're still in the classic death stage of "denial." But please get to the "acceptance" stage fast, friend, (i.e. get black-pilled) and then get good with the many firearms and ammo you should subsequently acquire. Our masters are right now readying a jackboot police-state takeover in the US. It's already being tested and perfected at numerous locations across the Faux Free World. Once Americans are turned completely into livestock, then the World goes BLACK. Americans with Guns are the ONLY hope now to stop this. It's a dim hope, yes, I acknowledge, but not if we all get black-pilled fast!
I agree with you. I feel some point in the future, BRICS countries will be wronged some way by Russia and/or China and will look to the U.S. for help. Then what????
Brilliant article. You provide the best analysis on how this situation can play out over anyone else I've seen. The two charts comparing Russia's treasury holdings vs stockpiling gold is jarring! The playbook is very clear.
It's blindingly frustrating. The western population is so removed from reality by media that it can't conceive of a world where it's not in charge. I've had many discussions about this over the last few years and even my most red-pilled friends tend to roll their eyes. I got yelled at when I said there was something fishy going on when Ukraine was portrayed as being raped by the media, literally two weeks before the actual invasion. I knew the sanctions would push Russia into implementing the plan they've had for decades. And yet, virtually everyone I know thinks Putin is just a crazy megalomaniac, instead of the cunning force that he is.
The western populations are the new Nero. Just keep fiddling.
Absolutely fabulous article. Gonna share it like crazy.
Western populations have been totally dumbed down and effectively neutered politically. Critical thinking no longer exists. People just watch the news channel of choice to reinforce their own beliefs. Most people just regurgitate what they have heard on Fox, MSNBC, CNN, or the alphabet networks.
As usual, Chris, you are the canary and we miners are heeding the warning. We've been sold out and our elites just keep counting their renminbi and watching their Alipay accounts grow, oblivious that "win-win" means something entirely different to the CCP!
This idea gets floated every now and again--once even by the IMF, which contemplated elevating its SDRs to "global reserve currency" status.
Reserve currencies are not "declared" nor are they "worked on". They evolve from economic and geopolitical realities--or not.
The only exception to this was the Bretton-Woods positioning of the dollar as a de jure reserve currency, and that fell apart shortly after Nixon closed the gold window in 1971. The Smithsonian Agreement that attempted to bandaid over the abandonment of the Bretton Woods system barely lasted a year before collapsing altogether in the spring of 1973.
Considering that dollar claims exceeded US gold reserves even in the early 1960s, the time frame that Bretton Woods was actually being respected was barely fifteen years (1944-~1961).
Given that the euro is the currency used most in SWIFT transactions, one could even argue that there is no such thing as a monolithic "reserve currency".
Given that China may be soon compelled to jump headlong into a round of Quantitative Easing worthy of Abenomics just to prevent a complete collapse of its real estate sector, I would take any posturing by China about a new "global reserve currency" with a grain of salt.
I agree. The CCP is having its hands full just trying to control its own citizens. The people are having their bank accounts shut down because the CCP and greedy business owners have already taken their share and left the masses to be left with the mess.
They don’t know how bad they have it because they are trapped in a propaganda prison, unable to see how bad they really have it.
Both parties have spend 3 decades selling the citizens and workers of the USA(really the west)down the river for their own personal gain. Outside of a major swing int he next 2 elections, and even then maybe not enough. What solutions remain? Thomas Jefferson made that pretty clear.
"And what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it’s natural manure. "
The elite in the west only seek power and self-interest and support the great reset, where the west must be transformed. And to that end a few eggs must be broken to make their omelet.
So gold is a fungible commodity . If 1 oz. of gold is $ 1800 in US but worth $ 3,000 in rubles , perhaps I need to book a flight to Moscow with 5 pounds of gold . Just saying .
This has been brewing for years…and what are the politicians doing? Democrats more concerned on abortion, LGBT stuff and hate Trump while the Republicans are sitting with their thumb up their butt waiting for the democrats to do something so they can be outraged
All of that PC/woke crap was installed to divide and conquer the population. It was meant to distract the people from what has been happening for decades. Sadly, so many refuse to see it, acknowledge it, discuss it, address it. Hate him or love him, Trump was the only president to somewhat stand up to Xi/Putin - but that wasn't in the plan and he had to go. The next few years will be tough for most Americans.
This is not a surprise and is not a new development. China, Russia, OPEC have been openly pursuing--not conspiring in the dark for--an alternative to the US FRN. I've been saying since the Ukraine SMO began that Putin's main objective was to throw the world oil markets into chaos and re-ignite the "2nd World" economy. But we need to step back a moment from the illusion of the US FRN (or any competing currency). The only reason the FRN has any power is because oil is priced by it. But that's truly backwords: the FRN is actually priced by Oil (i.e., oil backs the dollar), as Putin, Xi, and a couple smelly ragheads will soon make clear to all! Oil is the real reserve currency, an infinitely parse-able commodity that is wanted/needed by all in this world who matter or hope to matter in the future. It is indispensable to every serious civilization and may be forever, regardless of the pseudo-geologists with no actual facts to prove their suppositions that oil is finite--or the Chi-com toadies pushing silly, macroeconomically stunted battery technology on the West (sheesh, talk about non-renewable resources!) Only the paper "currency" or currencies that is used to buy/sell Oil can share its economic power. Sure, go buy gold, too, Putin, but gold-backed currency is ultimately stupid because gold is stupid. The world since 1900 has been all about mass-producing shiny neat gadgets, not about aristocratic/mercantilist hoarding of shiny jewelry. Whatever enables production and innovation is today's "precious metal." And oil is king of these! If the "1st World" ever hopes to climb out of its looming societal ruin, all it needs to do is the same as it did when it originally became the 1st World: harvest and use all the energy sources it can. Hmm, but only the USA is resource-rich enough to survive, actually thrive, without foreign trade. So, scabby Eurotrash countries will likely have no choice but to start a bunch of expeditionary wars again to acquire such resources. Do any of their leaders today even ponder the abject idiocy of their white-guilt-inventing ancestors who originally ceded all those rich conquests to a bunch of rag-head savages and assorted commies? Soon, the continent probably will be ironically overrun by those same rag-head savages that it enriched when white guilt caused it to give away its "Empire" in the 20th Century. All I care about is picking up the pieces of the fragmented and imploded USA, quickly rounding up and punishing all the traitors who caused it, and getting the proverbial wall rebuilt before the tortilla-eatin' savages lay waste to whatever is left of our civilization...and/or before the Chi-Coms come a-pillagin'. We the Schlubs have to endure all this now--it is inevitable--because the apparently euphemistically named "Free World" suddenly pretends that Oil isn't its lifeblood!
For decades the US has wasted is seat at the throne by those at the top engorging themselves on the wealth of the world. They diverted real power and wealth in to mansions, yachts, hookers, drugs, crime, bribes, wars, coverups, and psyops. All that wealth could have been used to build a more stable world but when the lunatics took over the helm they used it for their own person insanity... and got away with it for decades. The universe doesn't allow such things to continue for ever. The US Federal government is evil and will become more evil. It's infested with moronic lunatics who will use the power of destruction to try to maintain their position of psychopathy. They are like a spoiled rich kid(in fact, since most were as kids) who refuse to grow up and accept responsibility and contribute to society. They want it all, it's theirs, no one is going to tell them what to do, and they are not going to help anyone else as they have had their asses wiped their entire life. These people are literally insane. Their brains do not function in the realm of reality. Their belief systems are incongruent with a functioning society. They are masters at destruction, something easily done but perfected when there are no consequences or consequences only for the poors.
Unfortunately or fortunately there are always consequences, it's just about how one distributes them through time. Is it all at once? Is a little at a time? For the average person the consequences come in regular blows. For the parasitic class they have set it up to come all at once. They hope to somehow dodge the big blow and have truly lived their lives as pseudo-gods(or devils). Of course the blow can never be dodged. The good news is that the more these lunatics try to destroy the more they destroy themselves. The bad news is that they also destroy others in the process. Maybe, in some sense, we are all to blame but clearly some are more to blame than others.
This was bound to happen.. but as we have seen with Brandon , huge devastating failures both domestically and internationally are very common place in the US nowadays.
Ukraine was probably the last straw that broke the camel's back.
I share your concerns. What’s most disappointing is that nobody in power fights for the West. They fight for either themselves or some nefarious unnamed parties. It’s like trying to take your team in the Super Bowl seriously yet knowing the your coach is openly working for the other team.
But at least the unexpected Die Hard reference is there to cheer me up as we head towards the ice berg.
Can't figure out if they simply don't care enough to fight or if they truly have the wool pulled over their eyes and don't even see what's taking place...
There is a great scene at the end of The Big Short. Mark Baum, Steve Carell's character, who has based his entire investment strategy on the belief that "they" were just too stupid to see what was happening, hears about the bailouts and that no one will be held responsible. In that moment he realizes that they weren't stupid at all. He says, "They knew. They knew the taxpayers would bail them out. They weren't being stupid, they just didn't care". I want to believe the best in people, but I gave up any illusion as to the benevolent nature of these people long ago. The wool is not pulled over their eyes. They won't be personally bankrupted and their own kids won't die in the war. They know. They know and they just don't care. Yes, they can be this evil.
Its the end of dollar and end of USA. Economy will be destroyed.
Better get some of another currency, if you want to keep any of your wealth. We will soon be forced to use CBDC, aka government bitcoins, which wiil have spending restrictions and expirations. A good bet for other currencies are privacy cryptos, which keep your balances and purchases private, unlike Bitcoin and nearly all other cryptos. The best privacy cryptos are Pirate Chain, Monero, Dero and Equilibrium.
Gold and Silver - the international monies.
Their only concern is themselves. I am pretty sure they don’t give a sh1t about anything else…
I HIGHLY SUGGEST READING THIS THREAD IF YOU HAVE NOT SEEN IT: "Importance of the Russian and Chinese Economies Has Been Grossly Underestimated – FX & PPP (@RnaudBertrand Twitter Thread)
App Reader: https://threadreaderapp.com/thread/1513005692986175498.html"
Thanks for posting this. That's an interesting way of looking at it.
IT WAS PART OF THIS ARTICLE ON ZERO HEDGE: Economic War Against A Real Economy https://www.zerohedge.com/news/2022-04-11/economic-war-against-real-economy
I saw another recent article, probably Zero Hedge, that said if NATO used the level of ammunition that the Russians use on on a daily basis to pulverize the Ukrainians, our industrial-defence base is so depleted that we would be out in 10 days and that we had to get more from the UK-Israel when in Iraq-Afghanistan... We only have something like 5 factories left to produce basic munitions albeit they could rope in the suppliers to private individuals... The Russians are obviously NOT running out of ammunition as they have a "real economy"
That’s interesting, sounds like the West miscalculated. Lots of pundits and bloggers confused and bewildered as to why the West would so arrogantly antagonize Russia. This may hold the key as to understanding the motivation.
The Russians have a REAL economy that extracts, grows and makes things while the West has a Netflix and fast-food economy... Read up on how Hitler underestimated Russia's productive capacity e.g. I think the secret recordings of him with Finland's Mannerheim covers its: https://www.youtube.com/watch?v=WE6mnPmztoQ
I do not know who you are, however these two sentences may be the most accurate analysis of the world's situation as it pertains to the West that I have read this year: "What’s most disappointing is that nobody in power fights for the West. They fight for either themselves or some nefarious unnamed parties." I applaud you Sir, as this could be an indictment of almost the entire elected political body of Washington, DC.
Amen.
I'm sure you know about the Matrix fad of labeling ourselves red or blue-pilled. I encourage you to find your way to a BLACK pill. Meaning: the West is dead. We the Schlubs let it happen. Sure, we were tricked by our Fabian Masters, slowly manipulated over the last 6 generations, but it was still our decision to become their slaves. If the Scamdemic lockdowns, idiotic face diaper mandates, and compulsory lawsuit-exempt Clot Shots...didn't open your eyes to the slave-mentality of nearly our entire population, well then I understand--you're still in the classic death stage of "denial." But please get to the "acceptance" stage fast, friend, (i.e. get black-pilled) and then get good with the many firearms and ammo you should subsequently acquire. Our masters are right now readying a jackboot police-state takeover in the US. It's already being tested and perfected at numerous locations across the Faux Free World. Once Americans are turned completely into livestock, then the World goes BLACK. Americans with Guns are the ONLY hope now to stop this. It's a dim hope, yes, I acknowledge, but not if we all get black-pilled fast!
I agree with you. I feel some point in the future, BRICS countries will be wronged some way by Russia and/or China and will look to the U.S. for help. Then what????
The Chinese (especially with their “Belt & Road” initiative) and the Russians make the Trojan Horse look like child’s play.
Yes!!!!
Black rock... White colts do
Brilliant article. You provide the best analysis on how this situation can play out over anyone else I've seen. The two charts comparing Russia's treasury holdings vs stockpiling gold is jarring! The playbook is very clear.
Thanks for the kind words.
It's blindingly frustrating. The western population is so removed from reality by media that it can't conceive of a world where it's not in charge. I've had many discussions about this over the last few years and even my most red-pilled friends tend to roll their eyes. I got yelled at when I said there was something fishy going on when Ukraine was portrayed as being raped by the media, literally two weeks before the actual invasion. I knew the sanctions would push Russia into implementing the plan they've had for decades. And yet, virtually everyone I know thinks Putin is just a crazy megalomaniac, instead of the cunning force that he is.
The western populations are the new Nero. Just keep fiddling.
Absolutely fabulous article. Gonna share it like crazy.
Western populations have been totally dumbed down and effectively neutered politically. Critical thinking no longer exists. People just watch the news channel of choice to reinforce their own beliefs. Most people just regurgitate what they have heard on Fox, MSNBC, CNN, or the alphabet networks.
As usual, Chris, you are the canary and we miners are heeding the warning. We've been sold out and our elites just keep counting their renminbi and watching their Alipay accounts grow, oblivious that "win-win" means something entirely different to the CCP!
Excellent work.
*yawn*
This idea gets floated every now and again--once even by the IMF, which contemplated elevating its SDRs to "global reserve currency" status.
Reserve currencies are not "declared" nor are they "worked on". They evolve from economic and geopolitical realities--or not.
The only exception to this was the Bretton-Woods positioning of the dollar as a de jure reserve currency, and that fell apart shortly after Nixon closed the gold window in 1971. The Smithsonian Agreement that attempted to bandaid over the abandonment of the Bretton Woods system barely lasted a year before collapsing altogether in the spring of 1973.
Considering that dollar claims exceeded US gold reserves even in the early 1960s, the time frame that Bretton Woods was actually being respected was barely fifteen years (1944-~1961).
Given that the euro is the currency used most in SWIFT transactions, one could even argue that there is no such thing as a monolithic "reserve currency".
Given that China may be soon compelled to jump headlong into a round of Quantitative Easing worthy of Abenomics just to prevent a complete collapse of its real estate sector, I would take any posturing by China about a new "global reserve currency" with a grain of salt.
I agree. The CCP is having its hands full just trying to control its own citizens. The people are having their bank accounts shut down because the CCP and greedy business owners have already taken their share and left the masses to be left with the mess.
They don’t know how bad they have it because they are trapped in a propaganda prison, unable to see how bad they really have it.
Too bad. Its happening.
Perhaps. The world does not march to Putin's tune regardless of how much he wants folk to believe that it does.
Both parties have spend 3 decades selling the citizens and workers of the USA(really the west)down the river for their own personal gain. Outside of a major swing int he next 2 elections, and even then maybe not enough. What solutions remain? Thomas Jefferson made that pretty clear.
"And what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it’s natural manure. "
The elite in the west only seek power and self-interest and support the great reset, where the west must be transformed. And to that end a few eggs must be broken to make their omelet.
So gold is a fungible commodity . If 1 oz. of gold is $ 1800 in US but worth $ 3,000 in rubles , perhaps I need to book a flight to Moscow with 5 pounds of gold . Just saying .
I will see if this is really true in practise soon
Babylon is falling
Too many any the west can't grasp the reality that they are not as invincible as they think they are. Arrogant-Neoconitis is a disease of the mind.
This has been brewing for years…and what are the politicians doing? Democrats more concerned on abortion, LGBT stuff and hate Trump while the Republicans are sitting with their thumb up their butt waiting for the democrats to do something so they can be outraged
All of that PC/woke crap was installed to divide and conquer the population. It was meant to distract the people from what has been happening for decades. Sadly, so many refuse to see it, acknowledge it, discuss it, address it. Hate him or love him, Trump was the only president to somewhat stand up to Xi/Putin - but that wasn't in the plan and he had to go. The next few years will be tough for most Americans.
We knew it was happening... thanks for the detailed confirmation 👍
This is not a surprise and is not a new development. China, Russia, OPEC have been openly pursuing--not conspiring in the dark for--an alternative to the US FRN. I've been saying since the Ukraine SMO began that Putin's main objective was to throw the world oil markets into chaos and re-ignite the "2nd World" economy. But we need to step back a moment from the illusion of the US FRN (or any competing currency). The only reason the FRN has any power is because oil is priced by it. But that's truly backwords: the FRN is actually priced by Oil (i.e., oil backs the dollar), as Putin, Xi, and a couple smelly ragheads will soon make clear to all! Oil is the real reserve currency, an infinitely parse-able commodity that is wanted/needed by all in this world who matter or hope to matter in the future. It is indispensable to every serious civilization and may be forever, regardless of the pseudo-geologists with no actual facts to prove their suppositions that oil is finite--or the Chi-com toadies pushing silly, macroeconomically stunted battery technology on the West (sheesh, talk about non-renewable resources!) Only the paper "currency" or currencies that is used to buy/sell Oil can share its economic power. Sure, go buy gold, too, Putin, but gold-backed currency is ultimately stupid because gold is stupid. The world since 1900 has been all about mass-producing shiny neat gadgets, not about aristocratic/mercantilist hoarding of shiny jewelry. Whatever enables production and innovation is today's "precious metal." And oil is king of these! If the "1st World" ever hopes to climb out of its looming societal ruin, all it needs to do is the same as it did when it originally became the 1st World: harvest and use all the energy sources it can. Hmm, but only the USA is resource-rich enough to survive, actually thrive, without foreign trade. So, scabby Eurotrash countries will likely have no choice but to start a bunch of expeditionary wars again to acquire such resources. Do any of their leaders today even ponder the abject idiocy of their white-guilt-inventing ancestors who originally ceded all those rich conquests to a bunch of rag-head savages and assorted commies? Soon, the continent probably will be ironically overrun by those same rag-head savages that it enriched when white guilt caused it to give away its "Empire" in the 20th Century. All I care about is picking up the pieces of the fragmented and imploded USA, quickly rounding up and punishing all the traitors who caused it, and getting the proverbial wall rebuilt before the tortilla-eatin' savages lay waste to whatever is left of our civilization...and/or before the Chi-Coms come a-pillagin'. We the Schlubs have to endure all this now--it is inevitable--because the apparently euphemistically named "Free World" suddenly pretends that Oil isn't its lifeblood!
For decades the US has wasted is seat at the throne by those at the top engorging themselves on the wealth of the world. They diverted real power and wealth in to mansions, yachts, hookers, drugs, crime, bribes, wars, coverups, and psyops. All that wealth could have been used to build a more stable world but when the lunatics took over the helm they used it for their own person insanity... and got away with it for decades. The universe doesn't allow such things to continue for ever. The US Federal government is evil and will become more evil. It's infested with moronic lunatics who will use the power of destruction to try to maintain their position of psychopathy. They are like a spoiled rich kid(in fact, since most were as kids) who refuse to grow up and accept responsibility and contribute to society. They want it all, it's theirs, no one is going to tell them what to do, and they are not going to help anyone else as they have had their asses wiped their entire life. These people are literally insane. Their brains do not function in the realm of reality. Their belief systems are incongruent with a functioning society. They are masters at destruction, something easily done but perfected when there are no consequences or consequences only for the poors.
Unfortunately or fortunately there are always consequences, it's just about how one distributes them through time. Is it all at once? Is a little at a time? For the average person the consequences come in regular blows. For the parasitic class they have set it up to come all at once. They hope to somehow dodge the big blow and have truly lived their lives as pseudo-gods(or devils). Of course the blow can never be dodged. The good news is that the more these lunatics try to destroy the more they destroy themselves. The bad news is that they also destroy others in the process. Maybe, in some sense, we are all to blame but clearly some are more to blame than others.
This was bound to happen.. but as we have seen with Brandon , huge devastating failures both domestically and internationally are very common place in the US nowadays.
Ukraine was probably the last straw that broke the camel's back.